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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents * [1] $ 11,752 $ 4,297
Accounts receivable, net of allowance for doubtful accounts of $2,207 and $4,247, respectively * [1] 3,707 2,407
Prepayment and deposit to suppliers * [1] 8,035 4,657
Due from related parties * [1] 104 61
Other current assets * [1] 462 1,462
Total current assets 24,060 [1] 12,884
Long-term investments * [1] 450 67
Operating lease right-of-use assets * [1] 2,107 48
Property and equipment, net * [1] 116 60
Intangible assets, net * [1] 3,438 2,557
Blockchain platform applications development costs 4,409 4,406
Long-term deposits and prepayments * [1] 1,716 39
Deferred tax assets, net * [1] 652 606
Total Assets 36,948 20,667
Current liabilities:    
Accounts payable [1] 1,015 608
Advance from customers [1] 1,539 1,436
Accrued payroll and other accruals [1] 280 489
Taxes payable [1] 3,408 3,430
Operating lease liabilities [1] 187 18
Lease payment liability related to short-term leases [1] 151 203
Other current liabilities [1] 267 333
Warrant liabilities 6,597 1,505
Total current liabilities 13,444 8,022
Long-term liabilities:    
Operating lease liabilities-Non current * [2] 1,979 32
Long-term borrowing from a director 135 134
Total Liabilities 15,558 8,188
Commitments and contingencies
Equity:    
Common stock (US$0.001 par value; authorized 50,000,000 shares; issued and outstanding 35,290,650 shares and 26,062,915 shares at June 30, 2021 and December 31, 2020, respectively) 35 26
Additional paid-in capital 61,656 49,772
Statutory reserves 2,598 2,598
Accumulated deficit (43,941) (40,980)
Accumulated other comprehensive income 1,107 1,129
Total ZW Data Action Technologies Inc.’s stockholders’ equity 21,455 12,545
Noncontrolling interests (65) (66)
Total equity 21,390 12,479
Total Liabilities and Equity $ 36,948 $ 20,667
[1] All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company's general assets (Note 2).
[2] All of the VIEs' assets can be used to settle obligations of their primary beneficiary. Liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 2).